To have a performing Airbnb, you need to easily invest $30-60k between furniture, designer fees etc. without even considering hot tub or other big amenities.

.• Caregiver wages, food, supplies, licensing, insurance, and overhead are all fully deductible.• Since you plan to live in the home, you will need a clear split between personal use and business use.

Taxes: $40k annually Potential Monthly Rent Roll: $160,000+Projected Expenses: Property Management Company 9% of monthly rent: $16,000Monthly property maintenance, move-out & repair costs: $25,000Projected PITIA: $39,000 monthly Advertising, office supplies, etc: $5,000Waste, pest services: $5,000Legal fund: $5,000/ monthly  Monthly Projected Expenses: $95,000Monthly Projected Rent Roll: $160,000I'm sure I'm missing a lot.

If your systems are tight or you can outsource (cleaning, supply restock, guest comms), it’s doable.

Calgary and Edmonton will have an over supply of rental properties so it should be too bad to find.

The supply however is very scarce at the moment due to the tremendous value of campus homes and their potential to print $$$$.

But no one Knows Nothing, so they could knock it out of the park, or slow bleed money for years.Good luck AmanWhy in the world people want to invest in Austin at this time is beyond me ….This is the lowest rent growth and massive oversupply ….Even if one is trying to invest at MF , invest in lower supply market like New Jersey 

Partially because you did not rent it for an entire year but mostly because of upfront expenses: getting it ready for rent, buying furniture, electronics, and other furnishings, stocking up on initial supplies, and so on.

It was fantastic when it first came out in March 2022 - 1% premiums, no EGI met requirements, market at the time was not over-supplied, and prices were not too high.

Maintaining continuous communication and being meticulous in supplying the documentation that their Underwriter requests are essential for a speedy closing with Metro Flippers.